HAP Contract Renewal for 20 Year Terms

HUD is encouraging Owner/Agents to renew Project-Based Section 8 contracts for 20 year terms.  Why?  With a 20-year contract term, HUD knows how many units will be in the inventory for a long time to come.  This supports HUD’s goal to maintain affordable housing in all geographic areas.

If you have a Contract Administrator, let that office know that you want a 20-year renewal term when submitting your contract renewal packet.  If you are administered by HUD, contact your Project Manager to renew for this time period.